Energy

Russia’s energy minister calls oil at $50 to $55 a barrel in 2021

0


Russian energy minister Alexander Novak arrives for the 177th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on December 5, 2019.

JOE KLAMAR | AFP via Getty Images

Russian energy minister Alexander Novak made a call for only modest oil price recovery in 2021, based on a weak demand look and pandemic-induced changes in business and human behavior. 

“My forecast for 2021 is a little more modest than that of Goldman Sachs. I predict the range of $50-$55 per barrel, as the average price for the year. But we can expect volatility in the market, with both highs and lows,” he told CNBC’s Hadley Gamble on Friday. 

Goldman Sachs last week published a note…



Source cnbc.com

Fewer Labor Day barbecues expected this year, Bank of America says

Previous article

Tesla falls after S&P 500 adds Etsy and two others, bypassing carmaker

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Energy